VanEck Asset Management’s CEO, Mr. Jan van Eck, engaged in a discussion with Permanent Vice Minister Nguyễn Minh Vũ at the Ministry of Foreign Affairs.
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During the conversation, Mr. van Eck highlighted the development of VanEck’s investment trends in ETFs. VanEck is a pioneer in establishing crypto investment funds such as BTC and ETH and actively shares its governance experience and modern technology with regional partners. He stated, “Looking ahead, we anticipate high-level visits between the US and Vietnam in the coming months. I hope that by then, we will witness concrete progress in this field.”
Mr. Jan van Eck also expressed his enthusiasm for Vietnam’s embrace of blockchain and digital assets. He mentioned that the positive shifts in the US government’s perspective on digital currencies have opened collaboration opportunities between the two countries’ regulatory bodies, allowing Vietnam to establish an appropriate legal framework.
Permanent Vice Minister Nguyễn Minh Vũ appreciated VanEck’s involvement in developing Vietnam’s domestic digital asset market. He emphasized the frequent bilateral engagements between Vietnam and the US, both at the government and business levels. The Vice Minister ensured that he would forward Mr. van Eck’s suggestions and advice to relevant agencies for inclusion in the Vietnam-US cooperation mechanisms’ agenda.
Mr. Jan van Eck also held a working session with the State Securities Commission
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On the same day, Mr. Jan van Eck had a working session with the State Securities Commission. Representing the Commission, Mr. Bùi Hoàng Hải, Vice Chairman, shared that the Commission and the Ministry of Finance had advised and submitted a draft resolution on digital asset trading to the government. Mr. van Eck expressed his enthusiasm about the opportunity to cooperate with domestic partner SSI to develop the digital asset market. He also believed that a cautious yet proactive approach is a reasonable strategy for Vietnam to operate in the digital asset market. Additionally, he proposed the idea of establishing a Bitcoin investment fund or organization in collaboration with SSI.
The discussions throughout the day affirmed VanEck’s role in transferring international digital asset management experience to Vietnam and contributing to shaping a transparent legal framework for the domestic digital asset market. The collaboration between VanEck and regulatory agencies, along with the long-term partnership with SSI, heralds a new era for Vietnam’s digital finance industry.
– 18:27 17/03/2025
The Stock Market Sell-Off: A Whopping 1,756.1 Billion VND Net Selling by Individual Investors
The market is buzzing with liquidity as banks take the lead. Today’s trading volume across all three exchanges reached an impressive 19,000 billion VND, with foreign investors making a remarkable turnaround. They net bought an outstanding 738.1 billion VND, and their matched orders alone accounted for 588.2 billion VND in net purchases. It’s a clear sign of confidence in the market, and we can expect some exciting movements in the coming days.
The Looming Threat of ETF Sell-Off for Banking Stocks: A Precarious Scenario Unveiled
Estimates suggest that ETFs will purchase 15.1 million new LPB shares and offload 3.23 million POW shares entirely. Other stocks witnessed sell-offs without corresponding buy-ins, including TCB, which shed 1.38 million shares, ACB with 1.2 million shares sold, VPB at 1.3 million, and HPG, offloading 1 million shares.
“Unveiling the Most Off-Loaded Stocks as the Two Mammoth ETFs Revamp their Portfolios”
The sell-off trend dominated the market with notable volume spikes. VIC witnessed the highest sell-off with 8.19 million shares traded, followed by SAB with 1.17 million, HUT with 5.7 million, VND with 13 million, SSI with 10.1 million, and HAG with 3 million shares.
The Global Leap for Vietnamese Fintech: Opportunities Abound
Fintech is revolutionizing the global financial industry, leveraging cutting-edge technology and financial services to deliver convenient and efficient solutions to users. By harnessing the power of innovation, fintech is transforming the way people interact with their finances, making it more accessible, secure, and user-friendly than ever before. With a focus on convenience and efficiency, fintech is leading the charge in the financial world, offering a seamless experience that meets the evolving needs of customers worldwide.
“The Power Move: Chairman Nguyễn Duy Hưng’s Speech Pivot”
Mr. Hung believes that if we miss this opportunity in digital assets, we may never get another chance to grow and reach new heights together.
